Alternative reinsurance capital

Articles discussing alternative reinsurance capital. Largely sources from third-party investors in the capital markets, alternative reinsurance capital is increasingly being leveraged by reinsurers as a cheaper cost source of risk transfer while for investors the access to reinsurance returns as an investment is growing in popularity.

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Persistence of third-party capital owners affirmed: AM Best

While the entry of third-party, or alternative, reinsurance capital slowed after recent heavy catastrophe years and resulting challenges they brought, those difficulties also "affirmed the persistence of third-party capital owners," rating agency AM Best has said. Third-party capital has increasingly found its routes into the reinsurance market becoming easier, more efficient read the full article →

Allstate’s wildfire subrogation recoveries reach $605m

U.S. primary insurance giant Allstate has revealed that it expects to receive around $605 million in subrogation recoveries on claims related to the California wildfires, with a significant percentage already booked. Previously, Allstate had reported $450 million of PG&E related subrogation related to California wildfires claims, which included subrogation due on read the full article →

ILS market risks an ESG “credibility gap” – Synpulse

The insurance-linked securities (ILS) marketplace could put itself at risk of a potentially damaging “credibility gap” if it over promises on environmental, social and governance (ESG) alignment, Synpulse Management Consulting has warned. During the third-quarter of 2020 we teamed up with boutique consulting firm Synpulse Management Consulting to conduct a survey read the full article →

Best of Artemis, week ending 21st February 2021

Here are the ten most popular news articles, week ending 21st February 2021, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read the full article →

Peak Re renewed Lion Rock Re sidecar at $107m for 2021

Hong Kong headquartered global reinsurer Peak Reinsurance Company Limited (Peak Re) has now revealed that it successfully renewed its Lion Rock Re fully collateralised reinsurance sidecar at a larger size of $107 million for 2021. As we reported back in January, Peak Re was in the process of renewing its sidecar read the full article →

Aon & Willis Towers Watson merger to “significantly lessen competition”

The Aon and Willis Towers Watson (WTW) merger will "significantly lessen competition" in the supply of commercial risk, reinsurance and employee benefits broking, the Australian Competition & Consumer Commission is concerned. The Australian Competition & Consumer Commission (ACCC) is not the first to raise significant concerns about the merger, as similar read the full article →

Athene’s ACRA sidecar fee income hit $22m in 2020, ACRA assets pass $25bn

Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, saw another healthy quarter of management fee income from its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle in Q4 2020. Athene has reported another $8 million of management fees earned from the read the full article →

Mt. Logan Re delivers growth, capital management & hedging: Doucette

Given the growth in assets under management at global insurance and reinsurance underwriter Everest Re's dedicated Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle, executives from Everest discussed the benefits of the strategy to the parent firm yesterday. Mt. Logan Re began 2021 with $900 million of assets under management at read the full article →

Catastrophe protection gap needs capital market support: Bernardino, EIOPA

Gabriel Bernardino, the soon to retire Chairman of the European Insurance and Occupational Pensions Authority (EIOPA), has highlighted the capital markets role in delivering catastrophe insurance that has fewer protection gaps. In an interview with Brink News, Bernardino explained the need for multi-peril catastrophe insurance and reinsurance coverage that protects against read the full article →

The next-generation of ILS is already in development

The insurance-linked securities (ILS) market has never stood still during its relatively young, approximately 25 year history. But it's clear that the ILS industry is acutely focused on delivering more evolutionary change and progress at this time, with the next-generation of ILS risk transfer and investment opportunities already in development. We've read the full article →